-
作者：de Clippel, Geoffroy; Rozen, Kareen
作者单位：Brown University
摘要：We propose relaxing the first-order conditions in optimization to approximate rational consumer choice. We assess the magnitude of departures with a new, axiomatically founded measure that admits multiple interpretations. Standard inequality tests of rationality for any given reference class of preferences can be conveniently repurposed to measure goodness-of-fit with that class. Another advantage of our approach is that it is applicable in any context where the first-order approach is meaning...
-
作者：Enke, Benjamin; Gneezy, Uri; Hall, Brian; Martin, David; Nelidov, Vadim; Offerman, Theo; van de Ven, Jeroen
作者单位：Harvard University; National Bureau of Economic Research; University of California System; University of California San Diego; Harvard University; University of Amsterdam; Tinbergen Institute
摘要：Despite decades of research on heuristics and biases, evidence on the effect of large incentives on cognitive biases is scant. We test the effect of incentives on four widely documented biases: base-rate neglect, anchoring, failure of contingent thinking, and intuitive reasoning. In laboratory experiments with 1,236 college students in Nairobi, we implement three incentive levels: no incentives, standard lab payments, and very high incentives. We find that very high stakes increase response ti...
-
作者：Casey, Katherine; Glennerster, Rachel; Miguel, Edward; Voors, Maarten
作者单位：Stanford University; National Bureau of Economic Research; University of Chicago; University of California System; University of California Berkeley; Wageningen University & Research
摘要：Where the state is weak, traditional authorities control the local provision of public goods. These leaders come from an older, less educated generation and often rule in an authoritarian and exclusionary fashion. This means the skills of community members may not be leveraged in policymaking. We experimentally evaluate two solutions to this problem in Sierra Leone: one encourages delegation to higher-skill individuals, and a second fosters broader inclusion in decision making. In a real-world...
-
作者：Prem, Mounu; Vargas, Juan F.; Mejia, Daniel
作者单位：Universidad de los Andes (Colombia)
摘要：Policies based on prohibition and repression to fight the war on drugs have largely failed in a variety of contexts. However, incentive-based policies may also fail and have unintended negative consequences if policymakers do not properly anticipate behavioral reactions. This is an particularly important concern in the case of policies announced prior to their implementation. In this paper, we show that a naive and untimely policy announcement generated an unprecedented escalation in cocaine p...
-
作者：Moreno-Medina, Jonathan
作者单位：University of Texas System; University of Texas at San Antonio
摘要：This paper provides evidence of the causal effect of church attendance on petty crime by using quasi-random variation in the number of Sundays when it precipitated at the specific time of most religious services. Using a novel strategy, I find a narrow time window when most individuals attend church. Based on a panel between 1980 and 2016, I find that one more Sunday with precipitation at the time of church increases yearly drug-related, alcohol-related, and white-collar crimes. I do not find ...
-
作者：Ductor, Lorenzo; Goyal, Sanjeev; Prummer, Anja
作者单位：University of Granada; University of Cambridge; New York University; New York University Abu Dhabi; Johannes Kepler University Linz
摘要：We connect gender disparities in research output and collaboration patterns in economics. We first document large gender gaps in research output. These gaps persist across fifty years despite a significant increase in the fraction of women in economics during that time. We further show that output differences are closely related to differences in the coauthorship networks of men and women: women have fewer collaborators, collaborate more often with the same coauthors, and a higher fraction of ...
-
作者：Aggarwal, Shilpa; Brailovskaya, Valentina; Robinson, Jonathan
作者单位：Indian School of Business (ISB); University of California System; University of California Santa Cruz; National Bureau of Economic Research
摘要：We test whether the provision of multiple labeled savings accounts affects savings and downstream outcomes in an experiment with 761 microentrepreneurs in urban Malawi. Treatment respondents received one or multiple savings accounts, in the form of lockboxes or mobile money. We find that while providing additional boxes increased savings by 40%, technical issues marred the efficacy of a second mobile money account. Data from novel high-frequency surveys suggest that both types of accounts had ...
-
作者：Cotofan, Maria; Cassar, Lea; Dur, Robert; Meier, Stephan
作者单位：University of London; King's College London; Leibniz Association; Ifo Institut; University of Regensburg; Tinbergen Institute; Erasmus University Rotterdam - Excl Erasmus MC; Erasmus University Rotterdam; Columbia University
摘要：Preferences for monetary and nonmonetary job attributes are important for understanding workers' motivation and the organization of work. Little is known, however, about how those job preferences are formed. We study how macroeconomic conditions when young shape workers' job preferences for life. Using variation in income-per-capita across U.S. regions and over time since the 1920s, we find that job preferences vary in systematic ways with experienced macroeconomic conditions during young adul...
-
作者：Hansen, Christian; Kozbur, Damian; Misra, Sanjog
作者单位：University of Chicago; University of Zurich
摘要：This paper proposes a procedure for assessing the sensitivity of inferential conclusions for functionals of sparse high-dimensional models following model selection. The proposed procedure is called targeted undersmoothing. Functionals considered include dense functionals that may depend on many or all elements of the high-dimensional parameter vector. The sensitivity analysis is based on systematic enlargements of an initially selected model. By varying the enlargements, one can conduct sensi...
-
作者：Leard, Benjamin; Linn, Joshua; Zhou, Yichen Christy
作者单位：University of Tennessee System; University of Tennessee Knoxville; University System of Maryland; University of Maryland College Park; Clemson University
摘要：During historical periods in which U.S. fuel economy standards were unchanging, automakers increased performance but not fuel economy, contrasting with recent periods of tightening standards and rising fuel economy. This paper evaluates the welfare consequences of automakers forgoing performance increases to raise fuel economy as standards have tightened since 2012. Using a unique data set and a novel approach to account for fuel economy and performance endogeneity, we find undervaluation of f...
